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Bill115th CongressFiled Nov 7, 2017Finance and Financial Sector
H.R. 4267

Small Business Credit Availability Act

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary reported to house without amendment (Apr 24, 2018)

Small Business Credit Availability Act

This bill amends the Investment Company Act of 1940 to reduce the required asset-coverage ratio applicable to a Business Development Company (BDC) from 200% to 150% if: (1) the BDC makes specified disclosures on its website and to the Securities and Exchange Commission (SEC); and (2) the modified asset-coverage ratio is approved by the required majority of the BDC's directors, general partners, or shareholders (as applicable).

The SEC must allow BDCs to use securities offering and proxy rules that are available to other issuers.

What just happenedApr 24, 2018

Placed on the Union Calendar, Calendar No. 495.

Who’s behind it

Rep. Stivers, Steve [R-OH-15](R-OH)Sponsor
22 cosponsors11 D11 R
Read on Congress.gov
22cosponsors1committees9actions3related bills8subjects
  1. Apr 24, 2018CalendarsH12410

    Placed on the Union Calendar, Calendar No. 495.

  2. Apr 24, 2018CommitteeH12200

    Reported by the Committee on Financial Services. H. Rept. 115-646.

    Financial Services Committee
  3. Apr 24, 2018Committee5000

    Reported by the Committee on Financial Services. H. Rept. 115-646.

    Financial Services Committee
  4. Nov 15, 2017Committee

    Ordered to be Reported by the Yeas and Nays: 58 - 2.

    Financial Services Committee
  5. Nov 15, 2017Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  6. Nov 7, 2017IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  7. Nov 7, 2017IntroReferralIntro-H

    Introduced in House

  8. Nov 7, 2017IntroReferral1000

    Introduced in House

  9. Nov 3, 2017Committee

    Hearings Held by the Subcommittee on Capital Markets Prior to Introduction and Referral.

    Capital Markets Subcommittee
Reported to House without amendmentApr 24, 201879

Small Business Credit Availability Act

This bill amends the Investment Company Act of 1940 to reduce the required asset-coverage ratio applicable to a Business Development Company (BDC) from 200% to 150% if: (1) the BDC makes specified disclosures on its website and to the Securities and Exchange Commission (SEC); and (2) the modified asset-coverage ratio is approved by the required majority of the BDC's directors, general partners, or shareholders (as applicable).

The SEC must allow BDCs to use securities offering and proxy rules that are available to other issuers.

Introduced in HouseNov 7, 2017

Small Business Credit Availability Act

This bill amends the Investment Company Act of 1940 to reduce the required asset-coverage ratio applicable to a Business Development Company (BDC) from 200% to 150% if: (1) the BDC makes specified disclosures on its website and to the Securities and Exchange Commission (SEC); and (2) the modified asset-coverage ratio is approved by the required majority of the BDC's directors, general partners, or shareholders (as applicable).

The SEC must allow BDCs to use securities offering and proxy rules that are available to other issuers.

Small Business Credit Availability Act — Informed